NAB cash profit falls 13% as it lifts credit charges

National Australia Bank reported a cash profit down about 13 per cent amid economic pressure, with overdue home loan repayments rising. Outlets give the profit figure as $6.1 billion and 13.4 per cent respectively, and CEO Andrew Irvine warned on the outlook.

Timeline

1. 4 Nov, 23:20 UTCFirst appeared on Google Trends
2. 4 Nov, 23:20 UTCPicked up on News
3. 4 Nov, 23:20 UTCAFR reports NAB credit charges rise, profit down
4. 4 Nov, 23:20 UTCThe Australian reports 13.4% profit drop, CEO warns

Top sources

• nab asxGoogle Trends
• Recession risk rising as WA shielded by mining strength: NABThe West Australian
• NAB lifts credit charges, cash profit down 13pc amid economic pressureAFR
• NAB profit dives 13.4 per cent, CEO Andrew Irvine warns on outlookThe Australian